EthanTW

EthanTW

BYBIT:MATICUSDT 1H trend chart - After an amazing soar before, MATIC is correcting and forming a Potential Cup and Handle pattern in 1H chart. It has not yet formed, but I already set up 2 points for entry. - 1. Break out the downtrend line Once price can take out the trend line, the handle pattern is completed. 2. Stand firm at 1.6433 Due to a long upper...

EthanTW

BYBIT:DOTUSDT 1H trend chart - $41.995 is a nice timing because confirmation of breaking out the downtrend line Also, potential double bottom is forming, so I regard it as a great time for entry. Trading strategy as below - Profit Targets: a) 43.240----Fib(1) b) 46.275~47.505----Fib(1.272~1.382) c) 50.135----Fib(2) Stop losses: a) 39.500----Red horizontal...

EthanTW

BYBIT:MATICUSDT 1H trend cahrt - Have a great profit if you've followed my analysis post! - Price directly go through 2nd TP! As usual, don't forget to take some part of unrealized profit, do not miss you already gain! Next, could hold it till TP3, and I'll update further TP later if needed Keep following us! - If you like this analysis, give it a like and...

EthanTW

BYBIT:DYDXUSDT - 1H trend chart - DYDX has converged for a while and formed an obvious triangle. You can notice lots trend lines needed to be broken, so I'll provide 2 different entry timing for you as below - 1. Aggressive traders There are 2 blue horizontal lines, the upper one is a nice timing for aggressive traders. It just broke out the orange downtrend...

EthanTW

BYBIT:BCHUSDT - Congrats guys! If you've been following the analysis and trading strategy as below. Price already hit TP1! As usual, don't forget to take some part of unrealized profit, do not miss you already gain! Next, could hold it till TP2, and I'll update further TP later. Keep following us! - If you like this analysis, give it a like and leave a comment...

EthanTW

BYBIT:BCHUSDT 1H trend chart - BCH has been consolidating in a convergence formation for a while. We could notice there is a double pattern formed, and its neckline becomes a short-term support zone. If price can break out the upper downtrend line , it's time to entry, and trading strategy as below. - Profit Targets: a) 618.45----Fib(1) b)...

EthanTW

BYBIT:ETHUSD - As we expected, a strong bullish pattern-Cup and Handle is forming. (Refer to last analysis about ETH) - 1. $3679.9 Previous high, key price $3679.9, is eventually broken out. Here is a good timing to open position for conservative traders. (Aggressive traders must have opened as my last analysis) No matter which point you long at, we're...

EthanTW

- Congrats! if you have been following this trading strategy. We are approaching to 1st TP while ATOM is surging. As usual, you could hold it till 1st/2nd TP or take some profit anytime you want. Just remember to take a part of your unrealized profit, don't miss them you already have! - If you like this analysis, give it a like and leave a comment below to...

EthanTW

BYBIT:ATOMUSDT 1H trend chart - Price has been consolidating in two descending wedges. Now, it broke out the first upper downtrend line, and still have another(orange line) needed to be taken out. And there is a potential double bottom pattern forming. If price can stand firm at 34.8, trading strategy as below. *Notice the long-term downtrend line will show...

EthanTW

BYBIT:MATICUSDT 1H tend chart - We could see a long-term support zone formed from the ceiling of a Darvas box. Also, there is a downtrend line kept resisting price. Now, price just broke out the upper downtrend line and took out the neckline of this potential inverse head and shoulders pattern. It's a bullish signal and our trading strategy as below. *can...

EthanTW

- Congrats! if you have been following this trading strategy. It already hit 1st TP while DOT is surging. Next, you could hold it till 2nd TP or take some profit anytime you want. Just remember to take a part of your unrealized profit, don't miss them you already have! - If you like this analysis, give it a like and leave a comment below to share your...

EthanTW Updated 

BYBIT:DOTUSDT 4H trend chart - We could see an obvious uptrend line keeps supporting the price After price hit Fib(0.382), it rallied back to Fib(0.618) and also broke the downtrend line up. Currently, downtrend line is broken out, and if price could still take out this line and stand firm after this 4H candlestick done Our short-term trading strategy as...

EthanTW

BYBIT:XRPUSDT 4H trend chart - Price has been consolidating in a descending wedge for 3 days. Recently, it got support from Vegas tunnel_144/169ema and Support zone (pink rectangle) If price can break out this descending wedge and stand firm on 12ema(black), trading strategy as below. - Profit Targets: a) 1.2308----Fib(1) b)...

EthanTW

BINANCE:YFIUSDT - 1H trend chart - Long-term consolidation zone(pink rectangular) has formed a neckline and we can regard it as support zone now. Price hit 37458.75 on 10/8, then keeps converging in a triangle formation, direction is still unknown. So just wait for a break from this triangle, it might go up or down, but we tend to break it up because it's close...

EthanTW

BYBIT:ETHUSD Left: 1H trend chart Right: 1D trend chart - 1. Cup and Handle pattern We have been talking about a strong bullish pattern is forming for ETH since 2020 Dec. Currently, we're at the phase of building handle. Also, price is very close to previous high($3679.9) on 10/8, But it eventually didn't hit it, and then get a correction after touching...

EthanTW

BYBIT:XTZUSDT 1H trend chart In this trading strategy, I'll provide 2 types of open timing for aggressive and conservative traders, respectively. - We modify the patter as a descending wedge from a triangle (refer to last analysis) Price suddenly plunged while ETH falling, but it formed a good wedge. In the meantime, price hit Vegas tunnel_576ema, and...

EthanTW Updated 

BYBIT:BCHUSDT 4H trend chart - Price has build a Cup pattern, and there is a potential handle in 4H chart. If price can break out Fib(1) which is 625.85 and stand firm on it, the handle will be completed. The cup and handle pattern is a bullish signal, so our trading strategy as below. *Notice the pink zone, which is long-term resistance, probably give...

EthanTW Updated 

BYBIT:XTZUSDT 1H trend chart - A strong support zone was formed from long-term neckline, and it really seems effective for price while falling. Moreover, a downtrend line keeps price converging and gradually forms a triangle. Now, direction is still unknown, but if the upper downtrend line can be broken out, trading strategy as below. - Profit Targets: a)...